Market Forces in the media Originally published in RenewEconomy, 13 October 2014 A lot has changed in the last few years. Just a few years ago, with prices of both thermal and coking coal through the roof, it was cigars and caviar time for an industry who were...
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Going begging for GVK coal
15 September 2014 Market Forces took pity this morning on GVK, who need to find $560 million by tomorrow as part of their deal to own the Alpha Coal Project, a massive thermal coal mine in Queensland's Galilee Basin. GVK bought Alpha from Hancock Coal in 2011 for $1.2...
Our application to the Westpac Community Leaders Awards
16 August 2014 Westpac recently put a call-out to ask for applications to their Community Leader Awards. We couldn't resist putting in an application! We applied to the Westpac Community Leaders Awards because we believe that Westpac need all the help they can get to...
Funding Abbot Point coal port is a $236 billion divestment risk to banks
If Australia's big banks fund new coal projects in the Great Barrier Reef, it could cost them a big pile of cash. Almost a quarter of a trillion dollars, in fact. A new survey by The Australia Institute for Market Forces found that 11% of customers of the "big four"...
Taya’s divestment checklist
8 July 2014 Taya recently divested from ANZ and wrote out a check-list of step she took. As she notes the journey is not only morally rewarding but also enjoyable! Taya's divestment checklist Investigate my bank's involvement in supporting the fossil fuel industry...
Funding Great Barrier Reef coal a quarter-trillion dollar risk to Aussie banks
Melbourne, 9 July 2014 Australia's biggest banks risk losing customers worth over almost a quarter of a trillion dollars in savings alone if they fund new coal ports in the Great Barrier Reef World Heritage Area, a survey released today has found. The Australia...
The growth of divestment
29 June 2014 This week, the number of people who have put their bank "on notice" (warning that they'll switch banks unless loans to fossil fuel projects stop) grew to account for over $160 million in savings alone. As far as metrics go, it's a pretty good way of...
Making your finances fossil free
4 June 2014 Are your personal finances helping to damage the climate? Chances are they are, without you even knowing it. Do you have a bank deposit? Are you a member of a super fund? Do you own shares? If so, your money is probably being used to finance the companies...
Making your finances fossil free
On 29 May and 3 June 2014, Market Forces, in conjunction with 350.org and the Australia Institute, ran forums in Sydney and Melbourne to release a new report examining how individuals can make their personal finances fossil free. A summary of the report's main...
What I did on my “holiday”: European banks won’t fund Abbot Point
27 May 2014 I’m on my way back to Australia and taking stock after a whirlwind tour of France, Germany and the UK, where three major banks were targeted and called on to not fund the Abbot Point coal port expansion in the Great Barrier Reef. I can’t deny that the last...